Press Release
Senator Tom Kean, Jr. Senator Tom Kean, Jr. (R-21)
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Contact: Senate Republicans / (609) 847-3600
September 7, 2011
Tom Kean: Job Creation and Economic Growth Continue to Be GOP Focus

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Senate Republican Leader Tom Kean issued the following statement today following the Senate President’s announcement that the Legislature will spend the next several months seeking to implement a series of economic measures that will help jumpstart the state’s sagging economy:

“Republicans continue to be willing and ready to work at a moment’s notice on any legislation that creates permanent, private sector jobs in the state. We must reignite our state’s competitive advantage and attract businesses and create jobs. Unemployed workers deserve a government that works across party lines to consider every responsible proposal to improve our economy and get residents working again.”

Below are a list of several bills Republicans asked Democrats to consider, nine months ago, that would have helped jumpstart New Jersey’s economy and create much-needed jobs.

S-543 (Kean, T., Introduced 1/12/10) — Economic Development Promotion Act

Goal: Seeks to promote economic development by: overhauling an inefficient economic development bureaucracy, eliminating antiquated statutes, providing low-cost assistance to prospective employers and entrepreneurs, and revamping New Jersey’s tourism marketing strategy.

S-1850 (Kyrillos, Introduced 3/22/10) — Requires the Director of the Division of Taxation to study impact of State business income taxes on business out-migration, business formation, and employment.

Goal: To provide legislators an understanding of which policies, past and present, contribute to job losses in New Jersey.

S-1865 (Kyrillos, Introduced 3/22/10) — Provides a corporation business tax credit for certain investments in manufacturing equipment and manufacturing facility renovation, modernization, and expansion.

Goal: To stop the manufacturing job losses, and encourage the cutting edge companies to stay and expand in New Jersey.

S-761 (Beck/Kyrillos, Introduced 1/12/10) — Revise Business Employment Incentive Program (BEIP) to remove grant caps for each new employee hired and give equal treatment to all businesses under the program.

Goal: Provide strong incentives for employers to hire new workers.

S-976 (Allen, Introduced 2/1/10) — Allows free access to certain job training courses for employees affected by plant closings, mass layoffs, or transfer of operations.

Goal: To help improve the employment prospects of workers laid off in declining industries.

Website Post:
https://www.senatenj.com/index.php/tomkean/tom-kean-job-creation-and-economic-growth-continue-to-be-gop-focus/9591